Back

1 of 16

2 of 16

3 of 16

4 of 16

5 of 16

6 of 16

7 of 16

8 of 16

9 of 16

10 of 16

11 of 16

12 of 16

13 of 16

14 of 16

15 of 16

16 of 16

717 E 5th St
New York, NY 10009 Alphabet City

$7,750,000 USD

Apartments For Sale • 10,000 SF

Property Details

Property Type Apartments
Total Building Size 10,000 SF
Lot Size 0.06 AC
Building Class C
Year Built 1920
Cap Rate 5.61 %
Zoning R8B

100 Transit Score

100 Walk Score

                
                    Highlights
                
                                Calling All Investors, Developers, & End-Users!!! 5.61 Cap 100% Occupied 22 Unit Apartment Building In The East Village For Sale!!!
                            
                                The Property Features Excellent Signage, Great Exposure, R8B Zoning, 5 Free Market Apartments, High 9’ Ceilings, Skylight, Separate Meters, A/C, +++!!
                            
                                The Property Is Located In the Heart Of Manhattan Just 2 Blocks From The FDR Drive!!!
                            
                                Neighbors Include Bank of America, USPS, UPS, T-Mobile, Boost Mobile, WholeFoods, Target, Staples, CVS, Walgreens, Dunkin’, Wonder, +++!!! 
                            
                                This Property Offers HUGE Upside Potential!!!
                            
                                This Could Be Your Next Development Site or The Next Home For Your Business!!!

Financial Summary (Proforma)

Net Operating Income: $435,014 USD (2026)

Cap Rate:	5.61 %
Total Expenses:	$171,407 USD

Amenities

24 Hour Access
Controlled Access
Laundry Facilities
Security System
Tenant Controlled HVAC
Kitchen
Hardwood Floors
Refrigerator
Oven
Range
Walk-Up

Public Transportation

Commuter Rail	Drive	Walk	Distance
9 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	6 min	-	1.5 mi
14 St (PATH) (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Journal Square-33rd Street - Port Authority Trans-Hudson (PATH))	6 min	-	1.7 mi
Transit/Subway	Drive	Walk	Distance
Delancey Street (F - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
Essex Street (J - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway), Z - New York MTA Subway (The Subway))	4 min	15 min	0.8 mi
Lower East Side-2 Avenue (F - New York MTA Subway (The Subway))	3 min	15 min	0.8 mi
1 Avenue (L - New York MTA Subway (The Subway))	4 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
LaGuardia	21 min	-	9.8 mi
Newark Liberty International	24 min	-	13.4 mi
John F Kennedy International	30 min	-	17.9 mi

Matthew Shane 516-279-8828 All Island Commercial

717 E 5th St New York, NY 10009 Alphabet City